‘Run-off’ mode Spirit Energy triples profits to £245m
Despite bleak news for the company through 2022, Spirit Energy managed to triple profits to £245m during the year, contributing to parent firm Centrica's record takings.
Centrica
Centrica latest energy firm to post record profits
Centrica (LON: CNA) is the latest energy company to join the likes of BP and Shell in posting record profits in 2022, the firm brought in £3.1 billion before tax.
British Gas under pressure to outline compensation for ‘mistreated’ customers
British Gas is under pressure to explain how it will compensate "vulnerable" customers who faced debt collectors forcibly installing prepayment meters in their homes.
UK asks households to reduce power for second day as wind fades
The UK’s grid operator asked three reserve coal units to be ready to supply power and consumers to curb demand on Tuesday, as it tries for a second consecutive day to plug the gap left by a dearth of wind generation.
Centrica picks ex-Shell finance head as new group CFO
Centrica (LON: CNA) has announced the appointment of its new chief financial officer, alongside a trading update suggesting earnings will exceed the top end of analyst estimates.
Boon for UK as Centrica hits gas storage target at Rough site
Westminster’s efforts to bolster energy security and guarantee supplies ahead of winter have been given a big shot in the arm.
Centrica selects Aberdeen’s Wood to service Rough gas storage site
Wood (LON: WG) has been picked to carry out project management work on the UK’s biggest - and recently reopened - gas storage site.
Strong performance prompts £250m buyback at Centrica
Having resumed dividend payments earlier this year, Centrica (LON:CNA) will now launch a sizable shareholder buyback programme on the back of continued robust results.
Equinor, Centrica team up on plans for Easington hydrogen hub
Centrica (LON:CNA) and Equinor have signed a co-operation agreement to explore the development of a hydrogen production hub at Easington in East Yorkshire.
Centrica confirms re-opening of Rough gas storage
Centrica (LON:CNA) has confirmed the reopening of the Rough gas storage facility, boosting the UK’s storage capacity by half ahead of an uncertain winter.
Centrica looks to produce ’emerald hydrogen’ from Brigg plant
Centrica Business Solutions is ready to start injecting hydrogen into its existing gas-peaking plant at Brigg, Lincolnshire as part of a UK first trial with HiiROC.
Renewables windfall tax ‘would skew investment towards fossil fuels’
Renewable energy generators have hit out at a new UK Government bill which they said would impose a “windfall tax” on the sector and “skew investment towards fossil fuels”.
Russia-driven crisis exposes UK’s energy madhouse
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.
Brian Wilson: Energy crisis met with policy vacuum
It’s a couple of months since I suggested the energy crisis would be as big as Covid and thereby demand the same scale of response. It wasn’t a very fashionable thought but perceptions have moved rapidly – everywhere, except where it matters most, in government.
NSTA gives Centrica green light to reopen Rough gas storage site
Centrica (LON: CNA) has been given the go-ahead by the industry regulator to reopen the Rough gas storage site off the coast of England.
‘Many questions’ over plans to reopen UK’s Rough gas storage facility
Centrica’s application to reopen the Rough gas storage facility was welcomed by energy observers, but some have raised questions over the site’s safety and effectiveness.
Energy Price Cap: Expert warns of rationing risk as bills to surge beyond £3,500
As the energy price cap surges, a leading petroeconomist has painted a gloomy picture as the UK faces up to the prospect of winter without adequate energy supplies.
Centrica to donate 10% of British Gas profits to help at-risk customers
Energy group Centrica said it will donate 10% of the profits made by its British Gas retail arm to vulnerable customers, though only a fraction of bill payers are likely to benefit.
Liz Truss questioned over closure of Rough gas storage facility
Conservative party leadership candidate, Liz Truss, is facing questions on her involvement in the closure of the Rough gas storage facility off the coast of East Yorkshire.
Spirit Energy launches consultation on Aberdeen job cuts
North Sea operator Spirit Energy has launched a consultation on redundancies in Aberdeen.
First Minister plans “urgent summit” with energy cos and consumers
Nicola Sturgeon is to convene a summit between energy supply companies and consumer groups later in August to discuss what support can be offered to those struggling to pay soaring bills.
Centrica aiming to reopen Rough gas storage at start of September
Centrica is aiming to start filling up the Rough gas storage facility in "little more than a fortnight".
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
British Gas owner Centrica resumes dividend as profit jumps with energy prices
Centrica resumed dividend payments for the first time since the start of the pandemic as profits from selling oil and natural gas rose six-fold.
Centrica wins first approval to reopen UK’s biggest gas storage site
The UK’s biggest natural gas storage site has taken a step closer to reopening after the authority that governs the North Sea gave an initial go-ahead.